Buying Real Estate in Lichtenstein

Planning to live in Liechtenstein? There are some guidelines you need to know before moving to Liechtenstein. Check some information on Liechtenstein in the internet and have a cyber Liechtenstein tour before you visit Liechtenstein.

Introduction

Have you been to Liechtenstein? Or Have live in it? Perhaps, if you are nature lover and want to live in a peaceful and nature surrounded ambience, you might consider living in Liechtenstein. However, if you are not familiar about Liechtenstein, you can take a look for Liechtenstein photos and Liechtenstein map in the internet, while I give you quick shots about it or some information on Liechtenstein.

What is Liechtenstein?

Liechtenstein is doubly landlocked microstate bounded by Alpine mountains in the Western Europe, sandwiched by the countries of Switzerland and Austria. Yap, it is just a small state in Europe but it is not included on the European Union, and Europe dismiss lightly the participation of Liechtenstein to Europe’s history.

Liechtenstein is often called the Principality of Liechtenstein. The government in Liechtenstein is monarchial.

How to Live in Liechtenstein

If you are planning to stay for good or to live for the rest of your life in Liechtenstein, here I will show some things you needed to remember before planning to stay in this small state.

Before you could buy property or real estate property or Liechtenstein land, you must live first three years in it either on hotels in Liechtenstein before you could buy some real estate on it. For foreigners are strongly restricted to buy any Liechtenstein land or real estate in Liechtenstein. This is so because Liechtenstein is just a very small state, thus you must follow first the guidelines before you could buy some real estate on it. That is, if you are a foreigner, you have to live first three years on hotels in Liechtenstein or hostels there. Yap that is a really big sacrifice if you really wanted to live in Liechtenstein.

Then, if you are really willing to make that sacrifice I mention just only to settle in Liechtenstein, then before you leave the countries you are now, make sure you have a large sum of money for rentals and hotel accommodations, because rentals in Liechtenstein are very high. Yap, you read it right, it is indeed very costly renting an accommodation place at Liechtenstein.

However, rental yields are very low at 3 % rate, most especially at the capital of Liechtenstein – Vaduz. Thus, if you buy property in Liechtenstein and put it into rental, you will find it hard to gain rental yields from the property you are renting for.
Liechtenstein’s laws on rentals are pro-landlords. Thus, you better negotiate in a friendly way to your landlord if you want to stay longer in Liechtenstein to fill-up the three-year residency to gain permanent residence.
However, taxes in Liechtenstein are said to be low, so just enjoy in this part if you can’t enjoy the rental system of Liechtenstein, but it is complicated or rather I say Liechtenstein have complicated tax system.
The cost of living in Liechtenstein is moderate to expensive living conditions. You better be wary that in Liechtenstein have no railway or airports and have only limited access to education and health care, but largely depending on their neighboring countries like Switzerland and Austria.